26 August 2004 | David Arminas
Barclays Bank has restructured its sourcing function to give purchasers more varied work and career opportunities.
Kim Godwin, group sourcing director, said the department's 110 purchasers have been surveyed on their skills and the type of work they have done.
"Importantly, we also know what they want to do from a career perspective," he said.
"Some people want to be an expert in software or broaden their category management experience. When work comes in, we try to match people based on the three areas of the supplier relationship experience and where people want to take their career."
Godwin said three people in the sourcing department were dedicated to managing this programme. The move is part of a major change to procurement over the past 18 months that is on target to save over £100 million.
The bank has cut suppliers from 23,500 to 6,000 and raised contract compliance from as low as 40 per cent to 95 per cent now.
Godwin said the emphasis was on strategic supplier relationships and a dozen supplier relationship managers had been appointed.
"They do nothing other than manage and develop relationships to get greater value and innovation with our 34 key suppliers, including IBM and Accenture."
In another move, paper invoices have been cut from over 30,000 a month to under 2,000 in a drive to automate processes.